Producer Prices in Eurozone
Eurozone - Producer Prices
Inflation inches up in February
According to complete data released by Eurostat on 15 March, harmonized inflation came in at 1.5% in February, slightly above January’s 1.4% and matching the preliminary estimate. January’s result had marked a nine-month low. Inflation sits below the European Central Bank’s target rate of near, but under, 2.0%. Higher price pressures for food, alcohol & tobacco drove February’s uptick.
Annual average harmonized inflation edged up to 1.9% in February from January’s 1.8%. Core inflation, meanwhile, was unchanged at 1.2%. On a monthly basis, harmonized consumer prices rose 0.3%, contrasting the 1.1% decrease seen in January.
Among the countries in the common-currency bloc, Greece (0.8%) and Ireland (0.7%) recorded the lowest inflation in February. On the flipside, the Netherlands (2.6%) and Latvia (2.8%) experienced the highest price pressures.
FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.4% in 2019. For 2020, panelists expect inflation to average 1.6%.
Eurozone - Producer Prices Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -0.1 | -1.5 | -2.6 | -2.2 | 3.1 |
Eurozone Producer Prices Chart
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.14 | 0.65 % | Mar 20 |
| Stock Market | 1,164 | -0.52 % | Mar 20 |
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Leading indicators point to a lackluster quarter for the Euro area’s economy.
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